Corcentric blog

Shifting from traditional checks to digital payments like ACH and virtual cards offers businesses more efficiency, security, and cost savings. Checks, though simple, come with high costs and increased fraud risks. However, moving away from them requires proper supplier information management (SIM) to ensure accurate and secure payment processing.

The Ardent Partners Procurement Metrics That Matter report is an annual must-read for those of us in the industry seeking to understand the mindset of today’s procurement leaders. It provides valuable insight into trends and forecasts for procurement organizations, how they are behaving today, and what that might look like tomorrow.

Staying resilient means staying on top of procurement challenges, from supply chain to risk. Learn what challenges CPOs are facing right now.

An over-reliance on template-driven RFPs and apples-to-apples comparisons can stifle innovation and creativity in procurement, reinforcing the perception of procurement as mere RFP administrators and savings calculators.

Building a house without a plan is chaotic, and the same goes for a company without a purchasing strategy. This essential approach ensures effective resource management, cost optimization, and strengthened supplier relationships.

Every year the cards for purchasing trends are reshuffled, and 2024 is no exception, driven by the rise of new technologies, the growing importance of sustainability criteria, and risk management.

Effective expense management is crucial for businesses to navigate rising costs, tight budgets, and supply chain disruptions in a challenging economic environment.

Managing change management starts with answering the question, "why?"

CFOs can drive innovation for growth, reduce burnout, and improve overall business performance by fostering a culture of collaboration...